Renault Samsung’s sales fell 34 percent to 90,591 vehicles in 2019 from 137,208 units a year earlier due to a lack of new models and labor disputes affecting production.From January to February, its sales plunged 48 percent to 13,290 units from 25,414 in the same period a year earlier.Renault has an 80 percent stake in Renault Samsung.
Tag: Renault
Renault’s Alpine high-end brand expects sales to fall in 2020-CEO
PARIS, March 3 (Reuters) – Renault’s Alpine brand will launch a more luxurious version of its sleek A110 sportscar as it looks to branch out beyond its core French market and tries to counter an expected fall in vehicle sales this year, its chief executive said. The Renault group, which also makes Dacia cars, revived… Continue reading Renault’s Alpine high-end brand expects sales to fall in 2020-CEO
LG Chem buys Turkish plant in Poland for EV output expansion
LG Chem Ltd., South Korea’s largest chemicals company, said Tuesday it has acquired a Turkish television assembly factory in Poland for US$31.4 million to expand its plant for electric vehicle (EV) batteries.The South Korean chemical giant plans to raise its capacity to 100 GWh, enough to supply batteries to 1.6 million electric vehicles, by the end of this year.LG Chem supplies electric vehicle batteries to 13 of the top 20 car brands, including German automaker Volkswagen, French carmaker Renault, American auto giant General Motors and South Korea’s largest carmaker, Hyundai Motor.
Renault launches low cost electric car in Europe
A “real electric car” for less than 15,000 euros in Europe? This is the challenge that Renault is launching today with its Dacia brand. In the absence of a “concept car”, which remained on the stand of the Geneva motor show canceled at the last minute due to coronavirus, the group at Losange released this… Continue reading Renault launches low cost electric car in Europe
New Dacia SUV will be Europe’s most affordable EV
Dacia has previewed its first electric vehicle with the Spring Electric concept – and promised that the production version, due in 2021, will be the most affordable EV sold in Europe. As expected, the Spring Electric’s design is based heavily on the Renault City K-ZE electric crossover that Dacia’s parent company designed primarily for the… Continue reading New Dacia SUV will be Europe’s most affordable EV
Renault Retail Group to sell 10 dealerships in France
Renault is selling off dealerships in the factory-owned Renault Retail Group in France as it prepares for online sales. The carmaker is selling off 10 dealerships and its Grenelle site in Paris between now and 2024 to prepare for what it described as a “backdrop of a deep-seated transformation” in the automotive market. Renault said… Continue reading Renault Retail Group to sell 10 dealerships in France
Nissan to start working in one shift due to challenging market situation
MOSCOW, March 2. /TASS/. The Nissan plant in St. Petersburg will switch over to working in one shift during several months because of the challenging situation on the Russian car market, an official spokesperson of the company told TASS.
“The Nissan plant will switch to a single shift during several months. The decision is absolutely unrelated to the coronavirus. The reason is in the challenging situation on the Russian market,” the spokesperson said.
The company expects to return to the two-shift schedule after the car market recovery, he added.
Honda cuts output at 2 Japan plants amid China parts shortage
TOKYO — Honda Motor will temporarily cut back production at home due to difficulty sourcing parts from China amid the coronavirus outbreak. The Japanese automaker will reduce output by a few hundred vehicles at two plants in Saitama Prefecture. The cutbacks will last for a few days beginning early this month. The facilities produce the Vezel sport utility vehicle and the Odyssey… Continue reading Honda cuts output at 2 Japan plants amid China parts shortage
Renault Samsung’s Feb. sales plunge 40 pct on lower demand, reduced output
Renault Samsung Motors Corp. said Monday its sales plunged 40 percent last month from a year earlier due to a shortage of parts caused by the outbreak of the new coronavirus.The company stopped the operation of its sole plant in Busan, 453 kilometers south of Seoul, for four working days in February.French carmaker Renault S.A. has an 80-percent stake in Renault Samsung.
Renault unveils Morphoz concept car
Renault unveiled its Morphoz concept car, illustrating its vision of future electric mobility in the years beyond 2025. Smart, modular, this crossover vehicle is able to physically and technologically adapt whether it’s being used for a short commute, trip to the shops or a longer journey. Laurens van den Acker, EVP, Corporate Design Groupe Renault… Continue reading Renault unveils Morphoz concept car